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Restrictions explain 30%
2016
Up to 30% of the price increase in the first six months of 2008 can be explained by trade restrictions, according to IFPRI simulations with the MIRAGE model cited in the chapter.
Torero (2016)
Torero, M. (2016). Alternative mechanisms to reduce food price volatility and price spikes: Policy responses at the global level. In M. Kalkuhl et al. (Eds.), Food Price Volatility and Its Implications for Food Security and Policy. Springer. https://opsaa.iica.int/en/resource-2747-alternative-mechanisms-to-reduce-food-price-volatility-and-price-spikes-policy-responses-at-the-global-level